Automated Fare Collection System Market in Europe would register a CAGR of 15.5% during 2020-2026

Published Date: 12-Aug-2020

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According to a new report Europe Automated Fare Collection System Market, published by KBV research, the Europe Automated Fare Collection System Market would witness market growth of 15.5% CAGR during the forecast period (2020-2026).

The Germany market dominated the Europe Software Automated Fare Collection System Market by Country 2019, growing at a CAGR of 15.5 % during the forecast period. The UK market would showcase a CAGR of 15.9% during (2020 - 2026). Additionally, The France market is exhibiting a CAGR of 17.6% during (2020 - 2026).

The Smart Card market dominated the Russia Automated Fare Collection System Market by Technology Platform 2019, thereby, achieving a market value of $342.1 million by 2026. The Optical Character Recognition market is witnessing a CAGR of 14.2% during (2020 - 2026). Additionally, The Near Field Communication market is experiencing a CAGR of 15.6% during (2020 - 2026).

The Railway market dominated the Spain Automated Fare Collection System Market by End Use 2019, growing at a CAGR of 16.2 % during the forecast period. The Toll market is witnessing a CAGR of 18.5% during (2020 - 2026). The Parking market is exhibiting a CAGR of 18.9% during (2020 - 2026). Additionally, The Bus market is anticipated to witness CAGR of 19% during (2020 - 2026).

Structural Insights: https://www.kbvresearch.com/europe-automated-fare-collection-system-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Omron Corporation, Atos Group, Dormakaba Holding AG, LG Corporation, NXP Semiconductors N.V., Samsung Electronics Co., Ltd. (Samsung Group), Thales Group S.A., Cubic Corporation, LECIP Holdings Corporation, and Scheidt & Bachmann GmbH.

Europe Automated Fare Collection System Market Segmentation

By Technology Platform

  • Smart Card
  • Optical Character Recognition
  • Near Field Communication
  • Others

By Component

  • Hardware
  • Software

By End-User

  • Railway
  • Toll
  • Parking
  • Bus
  • Others

By Country

  • Germany Automated Fare Collection System Market
  • UK Automated Fare Collection System Market
  • France Automated Fare Collection System Market
  • Russia Automated Fare Collection System Market
  • Spain Automated Fare Collection System Market
  • Italy Automated Fare Collection System Market
  • Rest of Europe Automated Fare Collection System Market

Companies Profiled

  • Omron Corporation
  • Atos Group
  • Dormakaba Holding AG
  • LG Corporation
  • NXP Semiconductors N.V.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Thales Group S.A.
  • Cubic Corporation
  • LECIP Holdings Corporation
  • Scheidt & Bachmann GmbH

Unique Offerings from KBV Research

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